ANNUAL REPORT 2024 年度報告 YIDA CHINA HOLDINGS LIMITED 億達中國控股有限公司 ANNUAL REPORT 年度報告 2024 目錄 在房地產行業「下半場」，本集團將順勢而為，憑藉強大內外部資源，兌現商務園區開發與運營的核心競爭力，實現規模發 展和業績提升。 2 億達中國控股有限公司 2024 年度報告 公司資料 董事會 | 公司概覽 | 2 | | --- | --- | | 公司資料 | 3 | | 主席報告 | 5 | | 管理層討論與分析 | 8 | | 環境、社會及管治報告 | 21 | | 董事及高級管理層簡介 | 52 | | 董事會報告 | 56 | | 企業管治報告 | 73 | | 獨立核數師報告 | 86 | | 綜合損益表 | 88 | | 綜合全面收益表 | 89 | | 綜合財務狀況表 | 90 | | 綜合權益變動表 | 92 | | 綜合現金流量表 | 93 | | 綜合財務報表附註 | 95 | | 財務摘要 | 179 | 億達中國控股有限公司 2024 年度報告 1 公司概覽 億達中國控股有限公司（「本公司」），連同其附屬公司 ...

ANNUAL REPORT 2023 年度報告 YIDA CHINA HOLDINGS LIMITED 億達中國控股有限公司 ANNUAL REPORT 年度報告 2023 目錄 | 公司概覽 | 2 | | --- | --- | | 公司資料 | 3 | | 主席報告 | 5 | | 管理層討論與分析 | 8 | | 環境、社會及管治報告 | 24 | | 董事及高級管理層簡介 | 55 | | 董事會報告 | 59 | | 企業管治報告 | 77 | | 獨立核數師報告 | 90 | | 綜合財務報表 | | | • 綜合損益表 | 92 | | • 綜合全面收益表 | 93 | | • 綜合財務狀況表 | 94 | | • 綜合權益變動表 | 96 | | 綜合現金流量表 • | 97 | | 綜合財務報表附註 • | 99 | | 財務摘要 | 180 | 億達中國控股有限公司 2023 年度報告 1 公司概覽 億達中國控股有限公司（「本公司」），連同其附屬公司（統稱「本集團」）成立於一九八八年，為中國最大的商務園區開發商及 領先的商務園區運營商，主要業務涉及商務園開發及運營、銷售商務園配套住宅、寫 ...

Group 1: Shanghai Land Auction - Shanghai's land market announced the auction of 5 plots with a total starting price of 8.407 billion yuan, including 4 residential and 1 commercial/cultural plot [1] - The highest starting price is for a residential plot in Yangpu District at 3.358 billion yuan, covering an area of 21,200 square meters, with bidding starting on May 9 [1] - The auction reflects a structural increase in land supply, indicating a competitive market for prime locations and potential demand growth in related industries such as construction materials and design consulting [1] Group 2: Guangzhou Land Supply Plan - Guangzhou plans to supply a total of 3,454 hectares of construction land in 2025, with 722 hectares designated for residential use, accounting for 21% of the total [2] - The strategy aims to optimize land resource allocation and promote high-quality residential projects, reducing unnecessary land use requirements [2] - This approach is expected to alleviate structural supply-demand mismatches in the market and support infrastructure investment, benefiting leading real estate companies and related industries [2] Group 3: Yida China Resumption of Trading - Yida China has fulfilled resumption guidelines and applied to resume trading after disclosing its financial results for 2023 and 2024 [3] - The company reported approximately 2.787 billion yuan in revenue for 2024 and a contract sales amount of about 947 million yuan [3] - The resumption may lead to a reassessment of credit risks for similar regional real estate companies, highlighting challenges during the transformation period [3] Group 4: Jinke's Debt Restructuring - Jinke's restructuring plan has been approved by several creditor groups, but the ordinary creditor group has not yet approved it [4] - The company is working to negotiate with the ordinary creditor group for a second vote, which is due by May 10, 2025 [4] - This situation illustrates the complexities of debt restructuring in the real estate sector and may serve as a reference for resolving industry risks [4] Group 5: China Communications Construction's Bond Issuance - China Communications Construction plans to issue 1 billion yuan in medium-term notes as part of a 6 billion yuan registration [5][6] - The proceeds will be used to repay existing debt financing tools, indicating a focus on improving debt structure and liquidity [6] - This financing move highlights the credit advantages of state-owned enterprises in the real estate sector and is expected to stabilize demand in the construction materials supply chain [6]

Financial Performance - For the year ended December 31, 2024, confirmed revenue was RMB 2.787 billion, a decrease of 28.5% compared to the same period in 2023[2]. - Gross profit for 2024 was RMB 404.91 million, down 24.2% year-on-year, with a gross margin increase from 13.7% in 2023 to 14.5% in 2024[2]. - The net loss increased from RMB 1.713 billion in 2023 to RMB 2.325 billion in 2024[3]. - Basic loss per share attributable to ordinary equity holders was RMB 0.9037, compared to RMB 0.6560 in 2023[3]. - The group reported a total annual loss of RMB 2,324,987,000 for the fiscal year ending December 31, 2024[28]. - The total external customer revenue for the group was RMB 2,787,231,000, with a significant loss before tax of RMB 2,313,636,000[28]. - The company reported a significant reduction in costs, with total sales and administrative expenses decreasing to RMB 2,581,722,000 from RMB 3,459,121,000[34]. - The company reported a net loss of RMB 1,713,819,000 for the year, compared to a loss of RMB 1,360,970,000 in the previous year[34]. - The company incurred a loss of RMB 367,342,000 on the fair value of investment properties[34]. - The company’s net debt ratio increased to 152.64% from 119.1% year-on-year, reflecting a significant rise in leverage[94]. Assets and Liabilities - Total non-current assets decreased from RMB 22.404 billion in 2023 to RMB 20.649 billion in 2024[6]. - Total current assets decreased from RMB 14.374 billion in 2023 to RMB 13.231 billion in 2024[6]. - Total liabilities decreased from RMB 27.086 billion in 2023 to RMB 26.479 billion in 2024[7]. - Total equity attributable to the company's owners decreased from RMB 9.601 billion in 2023 to RMB 7.266 billion in 2024[7]. - As of December 31, 2024, the group's current liabilities exceeded current assets by RMB 10,940,280,000[15]. - The total overdue borrowings amounted to RMB 5,034,868,000 as of December 31, 2024[15]. - The group has a total of RMB 6,583,478,000 in various bank and other borrowings that may require immediate repayment if demanded by lenders[16]. - The total assets of the group amounted to RMB 33,879,986,000, with total liabilities of RMB 26,479,011,000[28]. - The group’s total liabilities decreased slightly to RMB 3,344,918,000 in 2024 from RMB 3,388,927,000 in 2023[49]. - The group’s cash deposits for project development were RMB 208,905,000 as of December 31, 2024, down from RMB 219,308,000 in 2023[50]. Cash Flow and Liquidity - The group faced significant liquidity issues, with current liabilities exceeding current assets by RMB 10.94 billion as of December 31, 2024[60]. - The company has overdue borrowings totaling RMB 5.035 billion and outstanding payments to certain parties amounting to RMB 1.444 billion, leading to potential legal actions[60]. - The company has outstanding priority notes with a face value of RMB 1,724,806,000 as of December 31, 2024[56]. - The company has received a notice of acceleration due to non-payment of consent fees and interest totaling USD 27,553,000[55]. - The company is actively negotiating with lenders regarding overdue borrowings and has received preliminary intentions for renewal or extension from some lenders[123]. - The company has developed plans and measures to alleviate liquidity pressure and improve financial conditions, which are still in progress[121]. - The company has a cash flow forecast covering at least 12 months from December 31, 2024, to assess operational funding needs[121]. - The group aims to accelerate the sales collection of pre-sold and completed properties to improve cash flow[124]. - The group plans to sell certain assets at reasonable prices to generate cash inflow and alleviate liquidity pressure[124]. - The group has maintained positive communication with lenders regarding overdue loans, confident in persuading them not to demand immediate repayment[125]. Revenue Breakdown - For the fiscal year ending December 31, 2024, total revenue from the property development segment was RMB 1,886,827,000, while the total revenue from the property investment segment was RMB 706,290,000[28]. - The group recorded a total revenue of RMB 2.787 billion for the year, with residential sales contributing RMB 1.846 billion, rental income at RMB 472 million, and construction services generating RMB 261 million[61]. - Property sales revenue amounted to RMB 1,846.03 million, down 28.7% compared to the previous year, primarily due to a reduction in project deliveries[78]. - Rental income was RMB 472.01 million, a decline of 6% year-on-year, attributed to significant tenant downsizing in the second half of the year[79]. - Revenue from business park management services was RMB 208.40 million, a decrease of 9.5% year-on-year, due to clients reducing their business scale[80]. - Revenue from construction, renovation, and landscaping services was RMB 260.79 million, down 54.6% year-on-year, mainly due to fewer external project contracts[81]. Operational Strategy - The group plans to expedite the pre-sale and sale of properties under development and completed properties to generate cash inflow[18]. - The group aims to maintain ongoing business relationships with major contractors and suppliers to ensure timely completion of construction projects[22]. - The company plans to continue focusing on property development and management services to enhance revenue streams in the future[30]. - The company plans to focus on "stabilizing operations, reducing debt, managing risks, and seeking development" in response to ongoing market uncertainties[63]. - The group aims to enhance construction and decoration capabilities to stabilize revenue and improve project management quality[71]. Corporate Governance and Compliance - The independent auditor's report states that the company could not express an opinion on the consolidated financial statements due to insufficient audit evidence[58]. - The company has appointed a new auditor, BDO, effective December 24, 2024, following the resignation of the previous auditor[126]. - The audit committee has reviewed and approved the annual performance, focusing on cash flow forecasts and plans to mitigate liquidity pressure[130]. - The company has received a winding-up petition for overdue payments totaling HKD 889,261, which was later withdrawn by the petitioner[110]. - The company has not received any liquidation petitions from Andu Party as of the announcement date[122]. - The company’s auditor has expressed an inability to issue an opinion due to significant uncertainties regarding the company's ability to continue as a going concern[120].

Financial Performance - For the year ended December 31, 2023, confirmed revenue was RMB 3.897 billion, a decrease of 14.0% compared to RMB 4.533 billion in the same period of 2022[2] - Gross profit for 2023 was RMB 534.44 million, down 49.6% from RMB 1.060 billion in 2022, with a gross margin decline from 23.4% to 13.7%[2] - The net loss for the year increased from RMB 736.49 million in 2022 to RMB 1.713 billion in 2023[2] - Basic loss per share attributable to ordinary equity holders was RMB 0.6560, compared to RMB 0.2851 in the previous year[3] - Total revenue for the year ended December 31, 2023, was RMB 3,897,147,000, a decrease from RMB 4,532,923,000 in 2022, representing a decline of approximately 14.1%[35] - The company reported a net loss of RMB 1,713,819,000 for the year, compared to a net loss of RMB 736,493,000 in the previous year, indicating a significant increase in losses[32] - The company incurred a fair value loss of RMB 367,342,000 on investment properties during the year[32] - The company reported a comprehensive loss attributable to ordinary equity holders of RMB 1,695,128,000 for the year ended December 31, 2023, compared to RMB 736,773,000 for the previous year, indicating a significant increase in losses[45] Assets and Liabilities - Total assets decreased from RMB 39.684 billion in 2022 to RMB 36.778 billion in 2023[5] - Total liabilities decreased from RMB 28.278 billion in 2022 to RMB 27.086 billion in 2023[6] - Current liabilities exceeded current assets by RMB 10.096 billion as of December 31, 2023[12] - Cash and cash equivalents increased from RMB 127.52 million in 2022 to RMB 175.05 million in 2023[5] - As of December 31, 2023, the total outstanding principal amount of overdue borrowings is RMB 6,763,045,000, with RMB 2,376,181,000 having been deferred as of the approval date of the consolidated financial statements[14] - The group has a total of RMB 4,903,404,000 in various bank and other borrowings that may require immediate repayment if demanded by lenders, including RMB 1,200,883,000 due within one year[15] - The group has accrued liabilities to the "Andou Party" amounting to RMB 1,253,769,000 as of December 31, 2023, due to non-compliance with a settlement agreement[14] - The group’s financial position remains unaffected by the deferred tax balances, as they can be offset according to Hong Kong Accounting Standard No. 12[22] Cash Flow and Financing - The group is actively negotiating with lenders to renew or extend overdue borrowings, with some lenders showing preliminary interest in renewal[15] - The group plans to expedite the pre-sale and sale of properties under development and completed properties to improve cash flow[17] - The group aims to maintain ongoing business relationships with major contractors and suppliers to ensure timely completion of construction projects and control costs[17] - The group is seeking opportunities to sell certain assets and investments at reasonable prices to generate cash inflow and alleviate liquidity pressure[17] - The company has implemented measures to alleviate liquidity pressure, including expediting sales collections and controlling costs[131] - The company is in ongoing discussions with banks and financial institutions regarding future financing arrangements[122] Operational Strategy - The group plans to focus on core business operations and improve efficiency while managing existing assets and liabilities[68] - The group is advancing its "industry-city integration" strategy, with the Chongqing Beibei project completed in June 2023, serving as a key urban landmark[69] - The group aims to optimize its organizational structure and resource allocation to enhance operational efficiency and control expenses[68] - The group has established partnerships with five district governments for investment promotion, enhancing its operational capabilities[78] - The group is expanding its business in key regions such as Dalian, Changsha, and Zhengzhou, with ongoing flagship projects[75] Accounting and Compliance - The group has adopted new and revised standards effective from January 1, 2023, which are not expected to have a significant impact on the financial position or performance[19] - The group has implemented measures to ensure compliance with accounting policy disclosures and significant judgment assessments as per the revised standards[20] - The application of the revised Hong Kong Accounting Standard No. 12 has narrowed the scope of initial recognition of deferred tax liabilities and assets, impacting temporary differences related to leases and retirement obligations[22] - The new guidelines from the Hong Kong Institute of Certified Public Accountants regarding the abolition of the MPF-long service payment offset mechanism will take effect on May 1, 2025, but have no significant impact on the group's financial statements[23] - The group has not adopted new and revised standards that are not mandatory for the year ending December 31, 2023, and expects no significant impact from these standards in the foreseeable future[24] Employee and Corporate Governance - The group had a total of 493 full-time employees as of December 31, 2023, a decrease from 614 employees in 2022[107] - The board declared no final dividend for the year ended December 31, 2023[2] - The board did not recommend the payment of a final dividend for the year, consistent with the previous year[109] Legal and Regulatory Issues - The company is required to pay a total of approximately $209 million to the claimant, which has been reduced to $175 million under a settlement agreement[115] - As of the announcement date, the company has not fulfilled all payment obligations under the settlement agreement[116] - A winding-up petition was filed against the company for overdue payments totaling HKD 889,261, but the petition was withdrawn on June 25, 2024[132] - Trading of the company's shares was suspended on April 2, 2024, due to delays in publishing audited annual results for the year ending December 31, 2023[133] - The company is working to meet the requirements set by the stock exchange to resume trading as soon as possible[133]

Financial Performance - The company recorded revenue of RMB 15.72 billion, with sales from residential properties, office buildings, and independent houses contributing RMB 8.88 billion[13]. - The gross profit was RMB 3.09 billion, resulting in a gross margin of 19.7%[13]. - The net loss attributable to shareholders was RMB 3.572 billion during the period[13]. - The group's revenue from operations was RMB 8.88 billion, a year-on-year decrease of 66.7%, primarily due to a reduction in project deliveries[32]. - The company’s revenue for the six months ended June 30, 2023, was RMB 1,572,471,000, a decrease of 51.7% compared to RMB 3,260,050,000 for the same period in 2022[124]. - Gross profit for the same period was RMB 309,079,000, down 58.7% from RMB 746,848,000 in 2022[124]. - The company reported a total loss of RMB 42,238 thousand for the six months ended June 30, 2023, compared to a profit of RMB 11,192 thousand for the same period in 2022[186]. - Property sales revenue was RMB 888,178,000, down 66.7% from RMB 2,663,280,000 year-over-year[190]. - The total income tax expense for the period was RMB 36,074,000, significantly lower than RMB 304,365,000 for the same period in 2022[199]. Market Conditions - In the first half of 2023, real estate development investment in China decreased by 7.9% year-on-year, marking two consecutive years of negative growth[14]. - The newly started construction area fell by 24.3% year-on-year, while the sales area of commercial housing declined by 5.3%[14]. - The company aims to enhance its core competencies in service, operation, and sustainable development amidst a challenging real estate market[14]. Strategic Initiatives - The company aims to actively transform and upgrade its operations around light asset areas, broadening profit channels in response to improving financing conditions[20]. - The company continues to leverage its strategic layout and industry operation experience to empower industrial development and promote regional economic transformation[14]. - The company has established a vision to become a leading business park operator in China, emphasizing a national development strategy that integrates industry and city[6]. - Strategic partnerships have been established with Fudan University, Xiangcai Securities, and Taiyue Capital to enhance resource integration and collaborative development[17]. - The company plans to introduce strategic investors to leverage existing and potential shareholder resources for comprehensive problem-solving and development breakthroughs[23]. Asset Management - The total planned construction area for the Dalian Software Park Digital Innovation Demonstration Park is approximately 440,000 square meters, focusing on digital technology and innovation in industries such as artificial intelligence and new energy[16]. - The total completed property area across all business parks is approximately 1,831,000 square meters, with a total leasable area of about 1,260,000 square meters[26]. - The total land reserve area was 6,691,738 square meters, with the equity land reserve area approximately 6,251,425 square meters, of which 79.0% is located in Dalian[47]. - The company has a total of 2,265,485 square meters of completed properties available for lease and 1,441,771 square meters under development[53]. Financial Position - As of June 30, 2023, the total contracted sales area was 71,171 square meters, generating sales revenue of RMB 934.78 million, with an average selling price of RMB 13,134 per square meter[40]. - The company has outstanding borrowings of RMB 3,281,493,000 as of June 30, 2023, which remain unpaid, renewed, or extended[121]. - The company’s cash and cash equivalents were RMB 112,683 thousand, down from RMB 127,519 thousand, a decrease of 11.65%[129]. - The company’s total liabilities were RMB 27,912,552 thousand, down from RMB 28,278,387 thousand, indicating a reduction of 1.30%[131]. - The net debt ratio as of June 30, 2023, was approximately 103.0%, remaining stable compared to 102.5% as of December 31, 2022[79]. Operational Challenges - The company is actively exploring debt resolution solutions to ensure stable operations amid ongoing challenges in sales and debt management[18]. - The company is focusing on revitalizing low-efficiency assets to ensure sales and cash flow, while also seeking to use these assets to offset debts[22]. - The company has not made certain payments to the holders of the 2022 notes, which constitutes a default event[116]. - The company has not fulfilled its payment obligations under the settlement agreement, leading to a default event[121]. - The company faces significant uncertainties regarding its ability to continue as a going concern, which may require adjustments to asset valuations and classifications[151]. Employee and Governance - The group had a total of 538 full-time employees as of June 30, 2023, down from 614 as of December 31, 2022[84]. - The company did not declare any interim dividends during the reporting period[86]. - The Audit Committee, established on June 1, 2014, consists of three independent non-executive directors and oversees the financial reporting process[107]. Risk Management - The company’s financial instruments primarily include bank loans and other borrowings, with major risks including market risk, interest rate risk, foreign currency risk, credit risk, and liquidity risk[156]. - The company monitors accounts receivable closely to mitigate default risks and ensure timely recovery of outstanding balances[167]. - The expected loss rates for overdue accounts as of June 30, 2023, were 0.95% for current, 5.84% for within 180 days, 20.33% for over 180 days, and 98.73% for over 1 year[170].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容 而引致的任何損失承擔任何責任。 YIDA CHINA HOLDINGS LIMITED 億達中國控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3639） 截至二零二三年六月三十日止六個月之 未經審核中期業績公告 財務摘要 截至二零二三年六月三十日止六個月： 1、 已確認收入為人民幣15億7,247萬元，較二零二二年同期下降51.8%； 2、 毛利為人民幣3億908萬元，較二零二二年同期減少58.6%；毛利率由二零二二年同期的22.9% 下降至期內的19.7%； 3、 錄得淨虧損為人民幣4,224萬元，而二零二二年同期則錄得淨利潤人民幣1,119萬元； 4、 本公司普通權益持有人應佔每股基本虧損為人民幣1.4分；及 5、 董事會不建議派發任何中期股息。 1 財務資料 億達中國控股有限公司（「本公司」）董事（「董事」，各自均為一名「董事」）會（「董事會」）謹此宣佈本公司 及其附屬公司（「本集團」、「我們」或「我們的」）截至二零 ...

Financial Performance - The company recorded revenue of RMB 4.533 billion for the year, with sales from business park residential, office, and independent residential units contributing RMB 3.182 billion[12]. - The gross profit decreased by 35.1% year-on-year to RMB 1.060 billion, resulting in a gross profit margin of 23.4%[12]. - The net loss attributable to the company was RMB 737 million for the year[12]. - The company’s total revenue for the year was RMB 4.53 billion, a decrease of 16.0% compared to the previous year[66]. - Property sales revenue amounted to RMB 3.18 billion, down 20.6% year-on-year, primarily due to a reduction in project deliveries[67]. - The company recorded a net loss of RMB 736.49 million for the year, compared to a net profit of RMB 22.19 million in the previous year[82]. - Cash and bank balances as of December 31, 2022, were approximately RMB 358.8 million, down from RMB 773.89 million in the previous year[84]. - Total bank and other borrowings stood at RMB 12.05 billion, a decrease from RMB 12.91 billion the previous year[85]. - The company’s financing costs decreased to RMB 581.09 million from RMB 821.29 million in the previous year, mainly due to reduced interest expenses[78]. - The company’s administrative expenses were reduced by 30.2% to RMB 238.25 million, reflecting cost control measures[75]. Business Strategy and Expansion - The company aims to enhance operational efficiency and service quality through the implementation of smart park management using technologies such as 5G, cloud computing, big data, and IoT[14]. - The company plans to expand its operations into key first and second-tier cities and economically active regions across China[6]. - The company is committed to becoming a leading business park operator in China, leveraging its core competencies in business park development and operation[6]. - The company aims to actively explore new business growth points and implement a three-year action plan focusing on "de-leveraging, stabilizing debt, improving operations, and seeking development" in 2023[19]. - The company plans to enhance asset liquidity and cash recovery by developing specific revitalization plans for different asset categories and seeking external investment[21]. - The company will continue to introduce strategic partners to leverage existing and potential shareholder resources for business expansion[21]. - The group anticipates a significant improvement in sales in 2023, supported by stabilizing real estate policies and a recovering financing environment[38]. Market and Sales Performance - In 2022, the group achieved a contract sales amount of RMB 1.952 billion, with a sales area of 175,920 square meters and an average sales price of RMB 11,095 per square meter, remaining stable compared to the previous year[39]. - The sales revenue for the year was RMB 3.182 billion, with an average sales price of RMB 15,092 per square meter, reflecting a year-on-year increase of 6.8% due to different products recognized during the year[39]. - The main sales projects were concentrated in Dalian, accounting for 57.2% of the contract sales amount, followed by Changsha at 19.7% and Wuhan at 12.8%[43]. - The Dalian project "Qingyun Tianxia" achieved contract sales of approximately RMB 547 million, with a sales area of about 18,500 square meters and an average sales price of RMB 29,600 per square meter, making it one of the highest-selling projects in Dalian for the year[40]. - The Dalian land market saw significant declines, with land transaction amounts, areas, and average prices hitting near ten-year lows, indicating weakened developer interest[40]. - In Changsha, the real estate market remained weak, with new housing sales and land supply decreasing, but the city is implementing favorable policies to stimulate demand[42]. Operational Efficiency and Management - The company has served nearly 80 Fortune 500 companies over the past 20 years, establishing a strong customer base and operational experience[6]. - The company is focusing on reducing operational liabilities and accelerating cash recovery through asset disposal and equity transfers[21]. - The company aims to achieve sustainable development through effective communication with financial institutions and debt restructuring efforts[21]. - The group is focusing on strategic emerging industries in Changsha, leveraging high-quality innovation resources from universities to promote regional economic development[42]. - The group is actively seeking new profit points in equipment leasing, cost consulting, and property maintenance, focusing on cost efficiency and project management capabilities[55]. Environmental, Social, and Governance (ESG) Initiatives - The board of directors is responsible for the overall management of the group's environmental, social, and governance (ESG) strategies and performance[102]. - The group established a sustainable development governance framework to identify and review sustainability risks across its business departments[104]. - The company emphasizes compliance management and aims to enhance corporate governance and risk management levels[107]. - The company is committed to green building practices, incorporating elements such as solar power and energy management systems in its projects[119]. - The company has established an ISO 14001 certified environmental management system to strengthen environmental management[116]. - The company is dedicated to reducing its operational environmental impact through energy-efficient construction methods[116]. - The company has developed a "Mucity Index" to evaluate the ecological performance of its development projects[117]. - The company has implemented dust and noise control measures at construction sites, ensuring compliance with environmental standards and real-time monitoring of air quality and noise levels[125]. - The company is committed to reducing carbon emissions during construction and encouraging stakeholders to adopt low-carbon practices in their operations[136]. - The company has not violated any significant environmental laws or regulations during the reporting period, demonstrating compliance with various environmental protection standards[136]. Employee Development and Corporate Culture - The company focuses on employee development through training programs and competitive compensation systems[107]. - Total training hours reached 10,036, with 464 employees participating, representing 75.57% of all employees[157]. - The company conducted 1,072 training sessions across various categories during the reporting period[157]. - The company emphasizes the importance of employee health and safety, implementing various safety measures and training programs[143]. - The company maintains a zero-tolerance policy towards discrimination in hiring and promotion practices[152]. - The employee age distribution shows 14% under 30, 46% between 30-40, 31% between 40-50, and 9% over 50[153]. Customer Engagement and Satisfaction - The group emphasizes customer satisfaction, conducting regular surveys to ensure a steady increase in customer satisfaction levels[188]. - The company has established a customer complaint management system to categorize complaints and develop improvement plans, aiming to enhance customer satisfaction[197]. - The company emphasizes the importance of customer feedback and conducts regular satisfaction surveys to ensure continuous improvement[197].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容 而引致的任何損失承擔任何責任。 YIDA CHINA HOLDINGS LIMITED 億達中國控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3639） 截至二零二二年十二月三十一日止年度之年度業績公告 財務摘要 1、 二零二二年已確認收入為人民幣45億3,292萬元，較二零二一年同期減少16.0%。 2、 二零二二年毛利為人民幣10億6,042萬元，較二零二一年同期減少35.1%，毛利率由二零二一 年的30.3%減至年內的23.4%。 3、 年內（虧損）╱利潤由二零二一年的淨利潤人民幣2,219萬元減少至年內的淨虧損人民幣7億 3,649萬元，淨利潤率為-16.2%。 4、 普通權益持有人應佔每股基本虧損總額人民幣28.51分。 5、 董事會並不建議派付截至二零二二年十二月三十一日止年度的末期股息。 1 綜合損益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 人民幣千元 人民幣千元 持續經營業務 | ...

Financial Performance - The company recorded revenue of RMB 3.26 billion, with sales from residential properties, office buildings, and independent houses contributing RMB 2.66 billion[15]. - Gross profit was RMB 747 million, resulting in a gross margin of 22.9%[15]. - Net profit attributable to shareholders was RMB 18 million[15]. - The group's revenue for the period was RMB 3,260.05 million, representing a year-on-year increase of 79.2%[88]. - Property sales revenue amounted to RMB 2,663.28 million, up 125.8% year-on-year due to an increase in delivered projects[88]. - The group's gross profit was RMB 746.85 million, a year-on-year increase of 58.8%, with a gross margin of 22.9%[96]. - The net profit for the six months ended June 30, 2022, was RMB 11,192 thousand, a decrease of approximately 96.1% from RMB 285,146 thousand in the prior year[175]. - The profit for the period was RMB 18,365 thousand, compared to a profit of RMB 271,442 thousand in the same period last year, indicating a significant decline[186]. Market Conditions - The real estate market is facing unprecedented pressure, with a significant decline in sales scale and investment in property development[16]. - In Dalian, the overall real estate market saw a 42.1% year-on-year decrease in sales area, with an average sales price of RMB 14,800 per square meter, down 9.1% year-on-year[42]. - In Changsha, residential transactions decreased by 43.0% year-on-year, with the city implementing cautious regulatory policies to support reasonable housing demand[46]. - Zhengzhou's macro control policies have been loosened, with continuous reductions in mortgage rates, indicating a new round of easing in housing policies[50]. Strategic Initiatives - The company aims to leverage its unique operational advantages and resource strengths to create a "new industrial city" that matches talent with industry clusters[16]. - The company plans to deepen its presence in second and third-tier cities, anticipating continued policy relaxation to stimulate reasonable housing demand[16]. - The company has established a strategic investment partnership with its controlling shareholder, enhancing its ability to seize new development opportunities[7]. - The company is committed to becoming a leading business park operator in China, implementing a national development strategy that balances light and heavy operations[7]. - The company aims to enhance its core operational capabilities by developing a long-term asset management plan for key parks and exploring smart park pilot projects[17]. - The company is focusing on attracting strategic partners to enhance resource sharing and expand development prospects[29]. Operational Efficiency - The company has integrated its business lines, significantly improving comprehensive management capabilities and operational efficiency[20]. - The company has established a smart park system to improve operational efficiency and service quality, leveraging new technologies and applications[27]. - The company recorded rental income of approximately RMB 253 million, an increase of 5.1% compared to the same period last year, primarily due to an increase in leased area[32]. - The total completed building area of the company's business parks reached approximately 1,844,000 square meters, with a leasable area of about 1,442,000 square meters[33]. Debt and Financial Management - The company is actively addressing debt issues, enhancing the sustainability of its capital structure through resource activation and collaboration with financial institutions[21]. - The group had bank and other borrowings of approximately RMB 12.77 billion as of June 30, 2022, compared to RMB 12.91 billion as of December 31, 2021[110]. - The net debt ratio was approximately 100.3% as of June 30, 2022, compared to 99.5% as of December 31, 2021[116]. - The group has ongoing discussions with banks and financial institutions regarding future financing arrangements and is also seeking alternative financing sources[162]. - The group has an outstanding balance of RMB 947,169,000 payable to Andou Party, with ongoing negotiations for a settlement[199]. Future Outlook - The company anticipates a full economic recovery in 2022 as the pandemic stabilizes and financing conditions improve, supporting reasonable financing demand[22]. - The group is committed to digital transformation to help tenant enterprises find breakthroughs and expand development space in the post-pandemic era[38]. - The company aims to enhance innovative services through three key service capabilities: "Smart Industry Gathering," "Smart Service Business," and "Smart Park Management" in response to the 14th Five-Year Plan[60].